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Goodman, Abu Dhabi Investment to buy warehouses in Japan
- United Arab Emirates: Sunday, September 09 - 2012 at 11:51
Abu Dhabi Investment Council, a government-controlled fund manager has partnered with Australia's biggest industrial property trust, Goodman Group (GMG) to buy warehouses in Japan, Bloomberg has reported. The venture will start with an investment in three development projects in Tokyo Bay and Osaka with a total 250,000 sq m of gross leasable area. The vacancy rate for large multi-tenant warehouses in Tokyo metropolitan area fell to 3.6% as of June 30, from 5.2% in December, as manufacturers seek to improve supply chains and distribution networks following last year's earthquake, according to CBRE Group Inc.
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StaffSunday, September 09 - 2012 at 11:51 UAE local time (GMT+4)
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